https www mycgaonline orgibbcswebdav orgs tx2instructor tx2 646993

https://www.mycgaonline.orgibbcswebdav/orgs/TX2Instructor/TX2_..

Assignment 5

Print

Notes

This assignment is similar in form, length, and difficulty to the actual exam. Please note the following:

¦ Due to its placement in the course, it covers the content of Modules 1 through 9. ¦ The emphasis of each module in this assignment is based on the weightings in the examination blueprint, adjusted for the absence of Module 10 material. • The actual exam will cover all 10 modules, as indicated in the examination blueprint. • The actual exam might contain up to 15 multiple choice questions as opposed to only 10 included in this assignment.

This assignment allows you to gauge your readiness for the actual exam and to better target your exam study, based on the feedback on your performance on this assignment. To derive the most benefit from this assignment, you should complete it under exam conditions within the four hour time limit. Upon completion, review your work against the course material.

• This assignment is based on the Canadian Income Tax Act (ITA) and its Regulations consolidated to July 2013 . • To clarify your answers, you may reference them to the applicable provisions of the ITA and its Regulations (except for Question 1, which is a multiple choice question). • Round all calculations to the nearest dollar. • All calculations must be shown in an orderly manner to obtain full marks.

Question 1 (2? marks)

Select the best answer for each of the following unrelated items. Answer each of these items by giving the number of your choice. Important: Multiple choice questions are to be completed within the Online Learning Environment in your TX2 Assignment Submission section. This portion of the assignment will be automatically graded. Do not include your answers in your Word document as they will not be graded. Marks will not be awarded for explanations.

Multiple choice (2 marks each)

a. A testamentary trust with the son of the taxpayer as the only beneficiary was created on February 1, 2013, as a result of the death of a taxpayer. The beneficiary received the following payments from the trust.

July 20, 2013 $15,000 September 20, 2013 $13,000 January 20, 2014 $ 4,000 February 20, 2014 $ 4,000

What year end should the trust have chosen to allow for maximum tax deferral for the beneficiary?

1 of 7 23/07/2014 10:45 AM

Attachments:

Don't use plagiarized sources. Get Your Custom Essay on
https www mycgaonline orgibbcswebdav orgs tx2instructor tx2 646993
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional academic writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

You are welcome to choose your academic level and the type of your paper. Our academic experts will gladly help you with essays, case studies, research papers and other assignments.

Admissions

Admission help & business writing

You can be positive that we will be here 24/7 to help you get accepted to the Master’s program at the TOP-universities or help you get a well-paid position.

Reviews

Editing your paper

Our academic writers and editors will help you submit a well-structured and organized paper just on time. We will ensure that your final paper is of the highest quality and absolutely free of mistakes.

Reviews

Revising your paper

Our academic writers and editors will help you with unlimited number of revisions in case you need any customization of your academic papers